Québec, June 22, 2015 – Québec’s seasonally adjusted international merchandise exports in constant dollars at 2007 prices rose 0.6% in May 2015 (down 2.4% in Canada). The cumulative export volume for the first five months of 2015 was 7.8% above its level for the corresponding months of 2014 (up 5.0% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Eleven of the top 25 products exported by Québec posted increases in May 2015. Aircraft showed the most gains, followed by pharmaceutical and medicinal products and electricity. On the other hand, the main declines came from iron ores and concentrates, unwrought aluminum and aluminum alloys, and wood pulp.
Non-seasonally adjusted exports to the United States in current dollars were down 0.7% and accounted for 71.6% of Québec exports. Among the top ten commodities exported to the United States, aircraft, pharmaceutical and medicinal products and electricity posted the largest increases. The groups that recorded the most significant declines were softwood lumber, paper (except newsprint), and printed and integrated circuits, semiconductors, and printed circuit assemblies.
Exports to Europe were up 24.1% and accounted for 14.4% of Québec exports. Aircraft registered the strongest gains, followed by diesel fuel and iron ores and concentrates. On the other hand, the sharpest drops were recorded by other metal ores and concentrates not elsewhere classified and unwrought aluminum and aluminum alloys.
Exports to Asia declined by 3.5% and accounted for 7.7% of Québec exports. Commercial and service industry machinery posted the largest gains, followed by newsprint and waste and scrap of non-ferrous metals. In contrast, iron ores and concentrates, wood pulps and aircraft recorded the sharpest declines.
Imports increased in May 2015
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices were up 1.9% in May 2015 (up 0.5% in Canada). The cumulative import volume for the first five months of 2015 was 1.8% above its level for the corresponding months of 2014 (up 3.0% in Canada).
Of the 25 main products imported by Québec, 14 posted an increase in May. Crude oil registered the strongest growth, followed by passenger cars and motor gasoline. The groups that recorded the most significant declines were unwrought copper and copper alloys, jet fuel, and other basic organic chemicals.
Non-seasonally adjusted imports from the United States in current dollars were up 6.9% and accounted for 41.4% of Québec imports. Among the 10 major products imported from the United States, crude oil, motor gasoline and aircraft engines posted increases. The sharpest drops were recorded by jet fuel, aircraft parts and other aerospace equipment, and light-duty trucks, vans and SUVs.
Imports from Europe dropped by 6.6% and accounted for 26.4% of all Québec imports. Aircraft, turbines and turbine generator set units as well as crude oil posted significant gains. The largest drop came from crude oil, followed by aircraft parts and other aerospace equipment and passenger cars.
For their part, imports from Asia were down 5.2% and accounted for 19.4% of Québec imports. The most notable increase was recorded by passenger cars. Printed and integrated circuits, semiconductors, and printed circuit assemblies, aircraft parts and other aerospace equipment, and women's clothing registered marked declines.
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